Atlanta Braves Holdings, Inc.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
BATRA$57.43-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations (unaudited)
Condensed Consolidated Statements of Operations
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| · · Three months ended · · Nine months ended · | ||||||||||
| · · September 30, · · September 30, · | ||||||||||
| · 2025 · 2024 · 2025 · 2024 | ||||||||||
| · · amounts in thousands, | ||||||||||
| · · except per share amounts · | ||||||||||
| Revenue: · · · | ||||||||||
| Baseball revenue | | $284,362 | 273,262 | | 600,302 | | 561,233 | | ||
| Mixed-Use Development revenue | | 27,176 | 17,412 | | 70,887 | | 49,397 | | ||
| Total revenue | | 311,538 | 290,674 | | 671,189 | | 610,630 | | ||
| Operating costs and expenses: | | | | | | | ||||
| Baseball operating costs | | 210,443 | 225,973 | | 470,015 | | 476,250 | | ||
| Mixed-Use Development costs | | 3,944 | 2,499 | | 9,985 | | 7,162 | | ||
| Selling, general and administrative, including stock-based compensation | | | 34,753 | | 37,122 | | 96,928 | | 97,566 | |
| Depreciation and amortization | | 23,468 | 18,678 | | 57,996 | | 50,669 | | ||
| | | 272,608 | 284,272 | | 634,924 | | 631,647 | | ||
| Operating income (loss) | | 38,930 | 6,402 | | 36,265 | | (21,017) | | ||
| Other income (expense): | | | | | | | ||||
| Interest expense | | (12,285) | (9,561) | | (34,281) | | (28,717) | | ||
| Share of earnings (losses) of affiliates, net (note 4) | | 13,278 | 13,702 | | 24,213 | | 26,951 | | ||
| Realized and unrealized gains (losses) on financial instruments, net | | 194 | (2,476) | | (1,083) | | 1,429 | | ||
| Other, net | | 1,688 | 1,838 | | 4,574 | | 5,824 | | ||
| Earnings (loss) before income taxes | | 41,805 | 9,905 | | 29,688 | | (15,530) | | ||
| Income tax benefit (expense) | | (11,703) | 115 | | (11,483) | | 3,387 | | ||
| Net earnings (loss) | | | 30,102 | 10,020 | | 18,205 | | (12,143) | | |
| Less net earnings (loss) attributable to noncontrolling interests | | | 124 | | — | | 124 | | — | |
| Net earnings (loss) attributable to Atlanta Braves Holdings' shareholders | | $29,978 | | 10,020 | | 18,081 | | (12,143) | | |
| Basic net earnings (loss) attributable to Atlanta Braves Holdings, Inc. shareholders per common share (note 2) | | $0.48 | 0.16 | | 0.29 | (0.20) | | |||
| Diluted net earnings (loss) attributable to Atlanta Braves Holdings, Inc. shareholders per common share(note 2) | | $0.47 | 0.16 | | 0.28 | (0.20) | | |||
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